What is Estate Tax Portability and Why is it Important?

The American Tax Relief Act of 2012 (ATRA) introduced us to extended opportunities to use “Portability” as part of the estate tax unified credit.  As part of the estate tax code, each person has a lifetime exemption from gift and estate tax called the “unified credit”...

Gift Giving the Tax-Free Way

Although it’s the season of giving, no one wants to share with the IRS. Luckily, the law provides you many opportunities to give gifts to family, friends, and charities tax-free.  Some are straightforward, while others may require the help of a professional. Your...